Alt-Coin Trader

Liability Caps, From Oil Spills to Nuclear Meltdowns

And It's All Tax-Deductible!

As BP destroys our priceless planet, its lawyers gear up to save the company from paying for the damage. The same will happen--only worse---with the next atomic reactor disaster.

By law, BP may be liable for only $75 million of the harm done by the Deepwater Horizon.

Ask yourself why the federal government would adopt legislation that limits the liability of an oil driller for the damage it does to
us all.

Ask the same question---on another order of magnitude---about nuclear power plants.

Some lawmakers have tried to raise this cap so BP could be made to pay for the wounds they have not yet stopped inflicting.

By any calculation, BP did more than $75 million in harm during the first hour of this undersea gusher. That sum won't begin to cover even the legal fees, let alone the tangible damage to our only home.

But "free market" Republicans have resisted raising the limit. So BP will walk away virtually scot free. All this will be tax deductible. So will the millions they'll spend changing the name of the company, and dumping all those pathetic "Beyond Petroleum" pamphlets.

Now imagine a melt-down alongside the blow-out. See the Deepwater Horizon as a nuclear power plant. Think of the rickety Grand Gulf, a bit to the north, or the two decaying reactors at South Texas, a ways to the west.

Feel it pouring like Chernobyl over the south coast, enveloping all of Florida, blowing with the shifts of the winds up over the southeast, irradiating Atlanta, then Nashville, then New Orleans, then Houston, all through Mexico and the north coast of South America, the Caribbean, then around again across Florida, through the Atlantic and all over Europe, then around the globe two or three times more.